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Cervecera Modelo announces investment of 754.3 million dollars in Mexico

The brewing company Grupo Modelo today announced an investment of 14,000 million pesos (754.3 million dollars) to install a production plant in the municipality of Apan, state central of Hidalgo, in an event held at the presidential residence of Los Pinos.

Mexico, Nov 27 (EFE) .- The brewing company Grupo Modelo today announced an investment of 14,000 million pesos (754.3 million dollars) to install a production plant in the municipality of Apan, central state of Hidalgo, in an event held at the presidential residence of Los Pinos.

In the act, President Enrique Peña Nieto said that the records achieved in this administration "in investments or generation of jobs are not ends, but means to benefit Mexican families, which in the end we all serve, either from the public or private sector ".

The president stressed that so far in his government term (2012-2018)" accumulated foreign direct investment has exceeded 163,000 million dollars, 54% more than in the same period of the previous administration. "

In fact, he said," exceeds the amount received during any six-year term, and also exceeds the goal by almost 4%. that we had set ourselves in the 2013-2018 National Development Plan, with more than a year to go before this administration ends. "

" That they come and bet on Mexico without a doubt it is a symptom of confidence that is also reproduced in other sectors of the economy where companies are also investing, "said Peña Nieto.

According to the president, this was confirmed last week with the announcement that during the third quarter of 2017 the arrival of 5.700 million dollars of direct foreign investment was recorded, 32% more that the amount of the same period of the previous year.

The president stressed that Grupo Modelo has been a successful company in Mexico and the world for many years. Belgian multinational) AB InBev since 2013, the global position of the organization has been strengthened, as has its long-term commitment to Mexico, "he said.

He mentioned that since that then, as part of an ambitious expansion strategy, "Modelo has carried out productive investments in the country that exceed 3,000 million dollars."

He reminded us that he does barely six months he inaugurated the Yucatan's brewing plant of this company, and indicated that the new plant announced today will benefit the Mexican economy.

"First, because the families of Hidalgo and its surroundings will have more opportunities to grow. operation, "he said.

He also added," because it promotes the development of a new industrial hub in the center of the country, taking advantage of the improvement in the infrastructure of communications ", in addition to" helping to consolidate the Mexican beer industry as one of the most important, competitive and dynamic worldwide. "

The president said that in 2016 "Beer was the main export agroindustrial product, with a share equivalent to 20% of the total that we export", with which "Mexico was positioned as the main beer exporter worldwide. "

He added that" thanks to the talent of the 55,000 women and men who work in the industry, we are the fourth global producer of beer only after from China, the United States and Brazil. "

For his part, Mauricio Leyva Arboleda, CEO of Grupo Modelo, said that AB InBev is investing in the new plant because" as multinational we believe in the future of Mexico. "

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